China firm enters U.S. aluminum industry

Deal to acquire Aleris comes amid trade rift between the 2 countries

Auto manufacturers have been moving toward aluminum.

REUTERSBUSINESS

Zhongwang USA, backed by the Chinese aluminum magnate Liu Zhongtian, plans to buy the American aluminum company Aleris in a bet by the billionaire that the nascent United States automotive aluminum sector will be the industry’s next big growth...